​Minimizing Costs and Maximizing Discretionary Income

Prosperity Club helps uncover the why of expenses  and what actions can be taken to reduce those expenses, without changing comforts or lifestyles. 
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Budgets do not resolve financial spending or obligations. Attaching dollar amounts for each expense is not how to resolve expenses, tracking spending  uncovers the underlying reason of that expense. 

​Know the difference between budgeting and being mindful of your spending. Forbes wrote an excellent article to help us understand budgeting https://www.forbes.com/sites/moneywisewomen/2012/10/24/four-reasons-why-budgets-dont-work/#4ec06e4f4e1f.
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Another important aspect of financial security would be emergency funds including financial living expenses. These are especially important during loss of employment, family leave, recessions/depressions or even an epidemic.  ​Having strategies put in place has proven to be the best way to achieve prosperity. As finances and income changes strategies going forward may also need to change.

Cash Flow
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Managing positive cash flow is the first and most important step to being prosperous and planning for retirement.

Cash Flow can be positive or negative. Money flowing into your bank account is positive while money flowing out is negative. The ideal is to have enough positive cash flow to pay for the necessities in life, with enough leftover for emergency, investing, and the ability to enjoy it.

The goal is to has more positive cash flow than negative cash flow. The best way to increase positive cash flow is through obtaining the education and skills needed for our chosen livelihood.  The more skills, training, or higher education we have the better off we will be financially. Another important factor is the demand for the chosen profession. 

Supply and demand not only applies to consumer goods but also extends to the profession we chose. Choosing a career that is in demand pays higher wages and salaries. Don't be opposed to changing careers that propel you forward. If course make sure it makes financial sense to do so. You probably don't want to go to medical school to be a doctor at 40, graduating 10 years later with retirement not so far into the future and hundreds of thousands of dollars in debt.  If being a plumber is making as much as a doctor at 40 that would make more sense.​